Two large market makers back away from crypto amid a regulatory crackdown. A huge meeting in the House of Representatives today. Is the US Government doing more harm than good regarding crypto? An ex-Coinbase employee gets sentenced for insider trading. Hong Kong to allow crypto exchanges.

Welcome to Daily Digest. We surface trending news in crypto-based on conversations found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.

Trending from yesterday 👍

1. FTX’s SBF moves to dismiss most criminal charges against him

2. Two whales dump $35.7M in ETH after Foundation and Vitalik sell

3. Concern over banking crisis reaches levels unseen since 2008

News

Here are the trending news items over the last 24 hours. If you’d like to see even more updated news and trending news updated in real-time on our website.

Jane Street and Jump announce they are pulling back from crypto trading amid US regulatory crackdown

Biden calls for end to tax loopholes that benefit “wealthy crypto investors” hmmmm

PayPal’s crypto holding approached $1B as they increased 56% in Q1

Big House of Representatives meeting is today, which could discuss the regulation of cryptocurrencies

See, Bitcoin does have great utility

Lawmakers warn US Default could hurt dollar as a world reserve currency

The US government is doing more harm than good by giving no guidance and pushing tech innovation out of the US

Hong Kong permits crypto exchanges, but they will have restrictions

SBF tldr: I did nothing wrong… riiiiiiiight

Grayscale attempts Ethereum and Bitcoin ETFs take 66

Ex-Coinbase Product Manager who bought coins before they got listed on Coinbase gets 2 years in prison

SEC continues to get blasted for their recent custody proposal

Coinfeeds Reddit Bot Top 3 Stories

1. 2 Whales dump $35.7M in ETH after Eth Foundation and Vitalik sell

2. Warren Buffett dumps $13.3B in stocks, a warning sign?

3. A $1T platinum coin could save the US from economic catastrophe in less than a month

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